SSI Resource Limit — SSI asset limit
The SSI resource limit is the most you can have in countable assets, like cash or a second car, and still get SSI.
Official source: ssa.gov
What is the SSI resource limit? The SSI resource limit is the highest amount of "countable resources" you can own and still get Supplemental Security Income (SSI). Countable resources are things like money in a bank account or extra cars. Your home and one car usually do not count. Many household goods also do not count. The limit is $2,000 for a single person and $3,000 for a married couple. People who get SSI use this money for basic needs like food and a place to live. It is important to know this limit.
Who does the SSI resource limit apply to? This limit applies to almost everyone who wants to get SSI. If you are applying for SSI, the Social Security Administration (SSA) will check your resources. If your resources are over the limit, you will not be able to get SSI. This rule helps make sure SSI goes to those who need it most.
Why does the SSI resource limit matter? The resource limit matters because it can stop you from getting SSI. If you have too many countable resources, you will not receive payments. This is true even if you meet other SSI rules, like income rules. It is a key part of qualifying for help. Understanding this limit helps you plan so you can get the benefits you need.
What is one next step? If you are worried about reaching the SSI resource limit, you can talk to an expert. A trusted financial advisor or a benefits counselor can help you. They might suggest ways to use your resources that do not count against the limit. For example, some things like a special savings account for disability-related expenses might not count.
In real life
- A person with $3,000 in savings is over the SSI resource limit and may be denied.
- Maria owns an old car and has $1,500 in the bank. Because her car is valued under $2,000, she is still under the SSI resource limit.
- David inherited a small cabin worth $10,000. This inheritance puts him over the SSI resource limit, even if he has no other savings.
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Frequently asked questions about SSI Resource Limit
What is SSI Resource Limit?+
The SSI resource limit is the most you can have in countable assets, like cash or a second car, and still get SSI. It is $2,000 for an individual and $3,000 for a couple.
Who qualifies for SSI Resource Limit?+
People with limited income and resources who are 65+, blind, or have a qualifying disability. SSI does not require a work history.
How do I apply for SSI Resource Limit?+
Apply online at ssa.gov, by phone at 1-800-772-1213, or in person at your local Social Security office. There's no cost to apply. Official forms and instructions: https://www.ssa.gov/ssi/text-resources-ussi.htm.
Where can I get help?+
Use BenefitKarma's free Benefit Eligibility Screener to see if you qualify for SSI, then start your application at ssa.gov or your local Social Security office. There's no cost to apply.
Source: ssa.gov